NASDAQ$LAMR

Lamar Advertising Company · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Lamar Advertising reported Q1 2026 net revenues of $528.0M and net income applicable to common stock of $101.2M, with diluted EPS of $1.00.

Q1 2026 net revenues were $528.0 million (+4.5% YoY) with operating income of $146.1 million. Net income applicable to common stock was $101.2 million (diluted EPS $1.00) versus $138.7 million (EPS $1.35) a year ago when gain on asset sales was higher. Out-of-home advertising occupancy and rates drove revenue.

  • Net revenues $528.0M (+4.5% YoY).
  • Net income to common $101.2M; diluted EPS $1.00.
  • Operating income $146.1M.
  • REIT structure supports dividend ($1.60 per share declared).

Headline financials

Total Revenue

$528M

Previous: $505M+4.5%
EPS (adj)

$1.00

Previous: $1.35-25.9%
Capital Expenditures

-$33.1M

Previous: -$29.9M-10.9%
Net Income

$101M

Previous: $139M-27.0%
Operating Income

$146M

Previous: $191M-23.6%

Revenue & EPS history

Lamar · Revenue · Quarterly

$528M

Q1 2026+4.5%vs Q1 2025
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Out-of-home REIT discusses occupancy, digital board conversions, and acquisitions without EPS guidance.

Tailwinds

  • Revenue and operating income grew year over year.
  • Stable billboard cash flows and dividends.

Headwinds

  • Net income down vs prior year on lower gain on dispositions.
  • Interest expense $40.5M on debt.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.7%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.3%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+27.4%

Q1 2020

Best reaction

-14.8%

Q1 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.0%+4.5%+7.2%
Q4 2025+0.8%+1.6%-6.2%
Q3 2025+1.2%+7.6%+12.1%
Q1 2025-2.9%+0.4%+2.2%
Q4 2024-7.3%-5.0%-15.8%
Q3 2024-3.7%-5.0%-2.8%
Q2 2024+1.2%+3.3%+7.5%
Q1 2024-2.1%+0.0%+0.5%
Q4 2023-2.9%-3.8%+3.3%
Q3 2023+15.9%+15.0%+27.1%
Q2 2023-7.3%-7.2%-5.1%
Q1 2023-5.6%-7.3%-8.4%
Q4 2022-1.0%-0.3%-9.7%
Q3 2022-1.9%-1.8%+10.7%
Q2 2022+1.0%+3.5%-6.6%
Q1 2022-4.7%-10.8%-12.3%
Q4 2021-3.3%-2.9%+2.8%
Q3 2021+1.6%+2.3%-5.7%
Q2 2021+4.2%+1.6%+9.1%
Q1 2021-0.7%+4.5%+3.2%
Q4 2020-0.4%+5.0%+9.1%
Q3 2020+4.0%+8.2%+14.0%
Q2 2020-0.5%+5.4%+2.7%
Q1 2020+27.4%+16.9%+41.1%
Q4 2019-1.2%-6.8%-58.0%
Q3 2019+3.2%+1.7%+6.0%
Q2 2019-1.3%-2.2%-5.0%
Q1 2019-0.3%-1.1%-4.4%
Q4 2018-1.4%-0.1%-1.9%
Q3 2018-5.4%-5.5%-8.7%
Q2 2018-0.3%+0.9%+6.5%
Q1 2018+2.2%+2.8%+8.7%
Q4 2017-8.5%-8.9%-12.4%
Q3 2017+10.3%+7.2%+8.7%
Q2 2017-5.0%-5.0%-5.0%
Q1 2017+1.3%-1.0%+1.8%
Q4 2016-5.8%-4.5%-4.4%
Q3 2016-3.0%-2.0%+4.6%
Q2 2016-5.5%-5.0%-5.7%
Q1 2016+1.5%
Q4 2015-4.9%
Q3 2015+0.9%
Q2 2015-9.1%
Q1 2015+3.3%
Q4 2014+1.1%
Q3 2014+2.1%
Q2 2014+0.8%
Q1 2014-0.8%
Q4 2013+7.1%
Q3 2013+0.4%
Q2 2013-0.0%
Q1 2013-1.2%
Q4 2012+6.0%
Q3 2012+1.6%
Q2 2012+6.8%
Q1 2012-14.8%
Q2 2011+3.3%
Q4 2011+3.3%
Q3 2011+22.0%
Q1 2011+4.2%
Q1 2010+4.2%
Q4 2008+2.3%
Q2 2010+2.3%
Q4 2010+2.3%
Q3 2010-0.9%
Q3 2009-0.9%
Q2 2009+3.7%
Q4 2009+3.7%

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